Can I retire at age 45 with 1,710,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$141,210$139,952$138,725$137,527$136,358$131,887
2 years$69,906$68,604$67,342$66,119$64,932$60,471
3 years$46,141$44,834$43,575$42,363$41,196$36,884
4 years$34,261$32,957$31,711$30,520$29,381$25,251
5 years$27,135$25,839$24,609$23,442$22,335$18,399
6 years$22,385$21,099$19,888$18,747$17,673$13,933
7 years$18,994$17,719$16,527$15,413$14,373$10,829
8 years$16,452$15,189$14,016$12,930$11,924$8,573
9 years$14,476$13,225$12,072$11,013$10,041$6,881
10 years$12,896$11,657$10,525$9,493$8,556$5,580
11 years$11,604$10,377$9,266$8,262$7,358$4,561
12 years$10,529$9,314$8,223$7,247$6,377$3,752
13 years$9,619$8,417$7,347$6,398$5,560$3,102
14 years$8,840$7,651$6,601$5,679$4,874$2,576
15 years$8,166$6,989$5,960$5,065$4,292$2,145
16 years$7,576$6,413$5,404$4,535$3,793$1,792
17 years$7,056$5,906$4,917$4,075$3,363$1,500
18 years$6,595$5,457$4,489$3,672$2,990$1,258
19 years$6,182$5,058$4,109$3,318$2,665$1,057
20 years$5,812$4,700$3,771$3,005$2,381$889
21 years$5,477$4,378$3,469$2,727$2,131$748
22 years$5,173$4,086$3,197$2,480$1,910$631
23 years$4,895$3,822$2,952$2,258$1,714$532
24 years$4,642$3,581$2,730$2,060$1,541$449
25 years$4,409$3,361$2,529$1,881$1,386$379
26 years$4,194$3,158$2,345$1,720$1,249$320
27 years$3,995$2,972$2,178$1,574$1,126$270
28 years$3,811$2,801$2,024$1,443$1,016$229
29 years$3,640$2,642$1,884$1,323$917$193
30 years$3,481$2,495$1,755$1,214$829$163
31 years$3,332$2,359$1,636$1,115$749$138
32 years$3,193$2,232$1,526$1,025$678$117
33 years$3,062$2,114$1,425$942$614$99
34 years$2,940$2,003$1,332$867$555$84
35 years$2,825$1,900$1,245$798$503$71
36 years$2,716$1,804$1,165$735$456$60
37 years$2,613$1,713$1,090$677$413$51
38 years$2,516$1,628$1,021$624$375$43
39 years$2,425$1,548$956$576$340$36
40 years$2,338$1,473$896$531$308$31
41 years$2,255$1,402$841$490$280$26
42 years$2,177$1,335$788$452$254$22
43 years$2,103$1,272$740$417$230$19
44 years$2,032$1,213$694$385$209$16
45 years$1,964$1,156$652$356$190$13
46 years$1,900$1,103$612$329$172$11
47 years$1,838$1,053$575$304$156$10
48 years$1,780$1,005$541$281$142$8
49 years$1,723$960$508$259$129$7
50 years$1,670$917$478$240$117$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,710,000, adding $6,412 every year, while hoping to spend $38,653 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 46/27/27 Blend
44$1,710,000$1,710,000$1,710,000$1,710,000
45$1,891,034$1,800,404$1,773,899$1,963,071
46$2,042,793$1,847,497$1,792,198$2,061,749
47$2,208,736$1,895,603$1,809,815$2,164,499
48$2,390,269$1,944,729$1,826,685$2,275,236
49$2,588,939$1,994,884$1,842,743$2,394,727
50$2,806,453$2,046,075$1,857,916$2,523,821
51$3,044,686$2,098,307$1,872,131$2,663,448
52$3,305,706$2,151,587$1,885,310$2,814,636
53$3,591,790$2,205,916$1,897,369$2,978,519
54$3,905,444$2,261,298$1,908,223$3,156,343
55$4,249,432$2,317,734$1,917,781$3,349,483
56$4,626,793$2,375,222$1,925,945$3,559,454
57$5,040,878$2,433,760$1,932,617$3,787,926
58$5,495,378$2,493,345$1,937,690$4,036,739
59$5,994,358$2,553,970$1,941,054$4,307,921
60$6,542,295$2,615,627$1,942,591$4,603,707
61$7,144,121$2,678,304$1,942,180$4,926,561
62$7,805,271$2,741,991$1,939,693$5,279,198
63$8,531,730$2,806,670$1,934,994$5,664,609
64$9,330,093$2,872,323$1,927,943$6,086,095
65$10,207,625$2,938,930$1,918,392$6,547,290
66$11,172,330$3,006,465$1,906,185$7,052,201
67$12,233,026$3,074,900$1,891,161$7,605,247
68$13,399,428$3,144,204$1,873,148$8,211,294
69$14,682,241$3,214,340$1,851,970$8,875,709
70$16,093,256$3,285,270$1,827,437$9,604,408
71$17,645,468$3,356,948$1,799,356$10,403,909
72$19,353,192$3,429,325$1,767,522$11,281,400
73$21,232,203$3,502,347$1,731,719$12,244,800
74$23,299,880$3,575,955$1,691,724$13,302,842
75$25,575,373$3,650,081$1,647,302$14,465,147
76$28,079,782$3,724,656$1,598,207$15,742,325
77$30,836,355$3,799,600$1,544,182$17,146,065
78$33,870,711$3,874,828$1,484,960$18,689,256
79$37,211,076$3,950,247$1,420,259$20,386,102
80$40,888,553$4,025,756$1,349,785$22,252,260
81$44,937,414$4,101,247$1,273,231$24,304,985
82$49,395,424$4,176,601$1,190,277$26,563,299
83$54,304,193$4,251,691$1,100,588$29,048,167
84$59,709,576$4,326,379$1,003,813$31,782,695
85$65,662,098$4,400,517$899,586$34,792,353
86$72,217,435$4,473,945$787,525$38,105,212
87$79,436,937$4,546,492$667,230$41,752,211
88$87,388,208$4,617,973$538,286$45,767,454
89$96,145,742$4,688,191$400,256$50,188,524
90$105,791,630$4,756,934$252,686$55,056,849
91$116,416,326$4,823,974$95,102$60,418,086
92$128,119,512$4,889,069$0$66,322,558
93$141,011,027$4,951,959$0$72,846,778
94$155,211,911$5,012,364$0$80,061,431
95$170,855,545$5,069,989$0$88,006,618
96$188,088,908$5,124,516$0$96,756,755
97$207,073,966$5,175,607$0$106,393,850
98$227,989,200$5,222,901$0$117,008,273
99$251,031,289$5,266,013$0$128,699,616
100$276,416,968$5,304,535$0$141,577,628